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Genesis Matrix Trading

  • #10,341
  • Mar 4, 2013 3:41am Mar 4, 2013 3:41am
Quoting Ksander
My buy on EU was contr trend position, but how and when you open short? at 9:05 gmt signal was filtered by M15 Stoch and at 9:25 we don't have a good signal by M5 stoch
If the trade doesn't agree with the 15 Min stoch wait it out.
.... laughing all the way to the bank
  • #10,342
  • Mar 4, 2013 3:44am Mar 4, 2013 3:44am
Hi,

I am interested in MTF GMTS tapes strategy. Anyone can share your ideas of this?

Thanks
Justin
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,343
  • Mar 4, 2013 3:45am Mar 4, 2013 3:45am
Quoting itsallover
If the trade doesn't agree with the 15 Min stoch wait it out.
offcourse, but at 7:50 gmt stoch m5 and M15 was agree with genesis.
  • #10,344
  • Mar 4, 2013 3:46am Mar 4, 2013 3:46am
Took quick 14 pips profit.

Quoting heispark
Took EU short.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,345
  • Mar 4, 2013 3:49am Mar 4, 2013 3:49am
Quoting heispark
Hi,

I am interested in MTF GMTS tapes strategy. Anyone can share your ideas of this?

Thanks
Justin
I don't use this strategy.... kinda...

Well it works on the principle that you trade in the direction of the higher timeframes.
So if you had the 1 Hr tape you'd wait until PA retraces on the lower timeframes like the 5 min and then enter when PA resumes in the direction of the 1Hr timeframe.
.... laughing all the way to the bank
  • #10,346
  • Mar 4, 2013 3:52am Mar 4, 2013 3:52am
Quoting Ksander
offcourse, but at 7:50 gmt stoch m5 and M15 was agree with genesis.
You were going long in a strong downtrend with no additional confirmation to support your trade.
.... laughing all the way to the bank
  • #10,347
  • Mar 4, 2013 3:52am Mar 4, 2013 3:52am
I say about this.

1. Frankie just opened, do not trade.
2. this is my entry buy (maybe wrong?)
3. Stoch M15 filtered - ignore
4. Stoch M5 wasn't in overbought
Attached Image (click to enlarge)
Click to Enlarge Name: 111.jpg Size: 209 KB
  • #10,348
  • Mar 4, 2013 3:53am Mar 4, 2013 3:53am
Quoting kosmo
Targeting R1
BE+1 and took one third of the profit off. Time for breakfast
mind over matter
  • #10,349
  • Mar 4, 2013 3:55am Mar 4, 2013 3:55am
Quoting itsallover
You were going long in a strong downtrend with no additional confirmation to support your trade.
I thought as much. We must have confirmation to support trade by the pivot or s/r lever right?
  • #10,350
  • Mar 4, 2013 4:02am Mar 4, 2013 4:02am
Quoting kosmo
BE+1 and took one third of the profit off. Time for breakfast
Good trading Jo!
.... laughing all the way to the bank
  • #10,351
  • Mar 4, 2013 4:03am Mar 4, 2013 4:03am
Quoting Ksander
I thought as much. We must have confirmation to support trade by the pivot or s/r lever right?
There are plenty of examples in the thread... you won't be disappointed if you spend time reading.
.... laughing all the way to the bank
  • #10,352
  • Mar 4, 2013 4:07am Mar 4, 2013 4:07am
Quoting Ksander
I thought as much. We must have confirmation to support trade by the pivot or s/r lever right?
If you're considering going against the trend, as a minimum you should at least have higher high / lower low in the direction you intend to trade, and/or a double bounce off of a support line - one bounce off of a support line is generally not enough, as it could easily turn and smash through it next time. You may also consider divergence - but that can be a lot harder to accurately spot when you're starting out.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #10,353
  • Mar 4, 2013 4:21am Mar 4, 2013 4:21am
Quoting Ksander
My buy on EU was contr trend position, but how and when you open short? at 9:05 gmt signal was filtered by M15 Stoch and at 9:25 we don't have a good signal by M5 stoch

Quoting Ksander
offcourse, but at 7:50 gmt stoch m5 and M15 was agree with genesis.

Ksander,

I'm assuming this is the trade you took? Personally I wouldn't have taken it because it is against the trend. There seems to be some consolidation currently, and price is rejecting DP for the time being according to what I see so I don't feel too well about taking any long positions...

So even though all of the indicators aligned for that long, I wouldn't have taken it generally because it is against the bigger tf trend.

*edit* by the time I typed this, everybody else had already answered the question, ops.
Attached Image (click to enlarge)
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  • #10,354
  • Mar 4, 2013 4:28am Mar 4, 2013 4:28am
Quoting Ksander
4. Stoch M5 wasn't in overbought
It doesn't really have to be, it needs to be coming out of there, meaning pointing downwards. This drop happened when British construction PMI came out, which caused the GU to drop... since those are highly correlated pairs EU dropped as well, but I'm still reading up on news trading with genesis, so I rather not risk by entering before news for the time being.
  • #10,355
  • Mar 4, 2013 4:47am Mar 4, 2013 4:47am
Quoting WDays
Ksander,

I'm assuming this is the trade you took? Personally I wouldn't have taken it because it is against the trend. There seems to be some consolidation currently, and price is rejecting DP for the time being according to what I see so I don't feel too well about taking any long positions...

So even though all of the indicators aligned for that long, I wouldn't have taken it generally because it is against the bigger tf trend.

*edit* by the time I typed this, everybody else had already answered the question, ops.
No, look at my screenshot. My entry buy was at signal 2. In your screen you have GMT +2 (that's why in your time my trade was in 9:50)
  • #10,356
  • Mar 4, 2013 4:49am Mar 4, 2013 4:49am
Quoting Ksander
No, look at my screenshot. My entry buy was at signal 2. In your screen you have GMT +2 (that's why in your time my trade was in 9:50)
MT4 is set to gmt +0 Even though my timezone is gmt+2, I use +0 settings on mt4. That should be the one, it just looks different because I use HA and a different scale.
  • #10,357
  • Mar 4, 2013 4:51am Mar 4, 2013 4:51am
Quoting itsallover
Good trading Jo!
Waiting for you to join the club, Kelly

EU and EJ are still sort of ranging for now. Not going anywhere near them. EA slowly approaching R1 as expected.
mind over matter
  • #10,358
  • Mar 4, 2013 4:53am Mar 4, 2013 4:53am
Quoting kosmo
Waiting for you to join the club, Kelly

EU and EJ are still sort of ranging for now. Not going anywhere near them. EA slowly approaching R1 as expected.
... but you finished all the pips with that EA trade
.... laughing all the way to the bank
  • #10,359
  • Mar 4, 2013 5:01am Mar 4, 2013 5:01am
Quoting Ksander
No, look at my screenshot. My entry buy was at signal 2. In your screen you have GMT +2 (that's why in your time my trade was in 9:50)
Whenever you are going counter to the M5 trend which was down (Lower highs and lower lows make for a downtrend) if you must trade the other way, then think scalping or move to breakeven very quickly in case it bounces back again.
  • #10,360
  • Mar 4, 2013 5:10am Mar 4, 2013 5:10am
Quoting Ksander
I say about this.

1. Frankie just opened, do not trade.
2. this is my entry buy (maybe wrong?)
3. Stoch M15 filtered - ignore
4. Stoch M5 wasn't in overbought

I think you have to learn more about the PA and the MAIN trend.

And CT are not easy, like lastingwell it say, when you take a CT set your BE really quickly.

But i think, for you is the best, to trade just in the direction from the maintrend.

When you need more filters, go to babypips and read more about ma's and how you can use it. Just my thoughts.
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